The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott — , a professional accountant, discovered the underlying social principles and developed the analytical tools in the s. He proposed that market prices unfold in specific patterns, which practitioners today call "Elliott waves", or simply "waves". Elliott published his theory of market behavior in the book The Wave Principle in , summarized it in a series of articles in Financial World magazine in , and covered it most comprehensively in his final major work, Nature's Laws: The Secret of the Universe in Elliott stated that "because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable.
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Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? This work presents the first scientific, objective approach to market forecasting with the Elliot Wave Theory. Neely provides a detailed guide for all investors serious about finding accurate solutions to difficult markets. Read more Read less. Frequently bought together. Add all three to Cart. These items are shipped from and sold by different sellers.
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Verified Purchase. It is a very good book on a subject that few financial people know - or even care - about, but would or should learn. No, it will not make you a imillion dollars; it WILL help you make better decisions about where a particular stock is going and how soon but it will also take a very long time to digest.
This is a book that you read a few pages and then put the book down and spend the next few hours or days digesting what you've read, even going to the charts looking for examples of what you've just read.
Robert Prechter wrote a few good books on this subject and this book by Neely is an excellent supplement. I think it's fair to say that books dealing with theories associated with the financial world are very dry and very boring to people who just aren't into the finacial world, and sometimes even more boring to those of us who ARE hooked on the world of finances, securities, and the stock market but be that as it may, if you are deeply into the markets, this is a good one to have on your shelf along side of Robert Prechter's book.
I would say this book is a great Elliott wave teacher. However, get ready for long concentration hours. It is a deep topic. I am mostly through the book and have reread most of the chapters more than once. I am glad I got it, as I didn't know enough about Elliott wave theory. I am starting to think I could use the concept now. Neely does a good job describing the basics needed to understand Elliott Wave Theory.
This book is for the academic,not for the trader who is looking for a practical workable solution to the Elliot Wave. I am getting the feeling the author wants to boast about his knowledge on elliot wave theory and more so wants to re- invent the concept. I am very, very disappointed in this expensive book. There are hundreds of much better sources out there to help you not only to understand elliot wave , but the application of this theory.
Make no mistake if you want to become a reservoir of knowledge on elliot wave and have no interest in applying the theory in trading, then this book might be a good choice. Other than that, do not waste a dime on this book. This is the best book on Elliot wave I ever read. Explains all possible patterns in depth. Provides lots of new concepts of elloit wave I never knew of.
Definitely have to read more then once but ever time you read it you understand a lot more. If you want to use Elliott Waves in practical real trading there is nothing else, period. Prechter's book is a very distant second. Otherwise Prechter's book is excellent and is a true classic. And that is with paper and pen. Go to Amazon. Back to top. Get to Know Us. Shopbop Designer Fashion Brands. Alexa Actionable Analytics for the Web. DPReview Digital Photography.
Neo Wave theory. Part 1. Rules of creating charts
We do not sell or share our mailing list. Internationally regarded money manager, trading advisor, and Elliott Wave analyst, Glenn Neely has devoted over 30 years to advancing trading strategies and Wave forecasting - always with the goal of achieving real-world results. Glenn Neely's Neely River trading technology assists in creating lower-risk trading strategies, with an emphasis on capital preservation. His now-famous NEoWave forecasting methodology provides a precise, step-by-step, logical assessment of market structure, which typically leads to more accurate forecasts.
Elliott wave principle
There are many tools to analyze the markets, from stock markets to forex, based on the Elliott wave theory. These systems of the analysis of the market prices find a response from a variety of participants in exchange trading. We shall find out if it is really so in the process of studying the NeoWave theory. Remarkably, but in books by Elliott and his followers, there is now a clear definition of a wave, which the whole theory is based on. Neely defines a wave as a straight line of any length moving in any direction, except vertical. Neely also introduced a completely new term of Monowave, which is a kind of building block of all wave patterns. A monowave is the simplest type of wave that us the price movement starting from a change in the price direction until the next change in the price direction occurs.
Glenn Neely - Mastering Elliott Waves.pdf
We do not sell or share our mailing list. Many trading services offer advice that is contradictory or difficult to decipher. These ramblings might cover every scenario or hedge every bet. With no specific advice offered, readers are left wondering:. Making money is in the details. That's why our clients trust NEoWave to guide them.
Learn about NEoWave with Elliott Wave Expert, Glenn Neely